Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Interest rates hold back home sales in the Basin, statewide
MOSES LAKE — High interest rates are slowing down sales in the Basin real estate market. The average monthly ra…
US industrial production up 3%; factory output up 3.4%
WASHINGTON (AP) — American industry continued to regain ground lost in the coronavirus recession last month, but production remains well below where it was before the pandemic struck.
US productivity rises 7.3% as hours worked are nearly halved
SILVER SPRING, Md. (AP) — U.S. productivity rose at a 7.3% rate in the second quarter as the number of hours worked fell by nearly half, the biggest drop-off since the government started tracking the data more than…
Stocks open lower, pulling further back from record high
NEW YORK (AP) — Stocks are drifting lower in early trading on Wall Street, pulling the S&P 500 further away from the record high close it’s been flirting with over the past few days. The benchmark index was down 0.…
Brits scrambling home from France after quarantine move
LONDON (AP) — British holidaymakers in France were scrambling to return home Friday to avoid having to self-isolate for 14 days following the U.K. government's decision to reimpose quarantine restrictions on France…
Dutch economy shrinks by 'unprecedented' 8.5% as virus hits
THE HAGUE, Netherlands (AP) — The Dutch economy suffered an unprecedented 8.5% contraction in the second quarter as the coronavirus pandemic slammed the brakes on spending, exports and investments, the country's Ce…
Love’s Travel Stop open house looks at road options
MOSES LAKE — An engineering firm presented its plans during a Thursday open house for a proposed Love’s Travel Stop off eastbound Interstate 90 near milepost 1…
New Zealand extends Auckland lockdown as virus cluster grows
WELLINGTON, New Zealand (AP) — New Zealand's government on Friday extended a lockdown of its largest city Auckland for another 12 days as it tries to stamp out its first domestic coronavirus outbreak in more than t…
Trump's EPA dumps methane emissions rule for oil, gas fields
HARRISBURG, Pa. (AP) — President Donald Trump's administration is undoing Obama-era rules designed to limit potent greenhouse gas emissions from oil and gas fields and pipelines, formalizing the changes Thursday in…
Facebook beefs up anti-misinfo efforts ahead of US election
OAKLAND, Calif. (AP) — Beginning Thursday, U.S. Facebook users who post about voting may start seeing an addendum to their messages -- labels directing readers to authoritative information about the upcoming presid…
US seizes virtual currency alleged to fund militant groups
WASHINGTON (AP) — The
Home prices climb to record in pandemic as buyers seek space
NEW YORK (AP) — A renter most of his adult life, Clarence Swann became fearful that landlords would use the coronavirus pandemic as an excuse to gouge their tenants. So, with a desire to move near family, the retir…
Asia Today: India's virus death toll rises, Seoul cases jump
NEW DELHI (AP) — India’s coronavirus death toll overtook Britain's to become the fourth-highest in the world with another single-day record increase in cases Friday.
In a first, Airbnb takes action against guest for party
For the first time, Airbnb is taking legal action against a guest for violating its ban on unauthorized parties.
US jobless claims fall below 1 million but remain high
WASHINGTON (AP) — The number of Americans applying for unemployment dropped below 1 million last week for the first time since the coronavirus outbreak took hold in the U.S. five months ago, but layoffs are still r…
China extends anti-dumping tariffs on Indian optical fiber
BEIJING (AP) — China’s Commerce Ministry said Thursday it has extended punitive tariffs on Indian optical fiber products for five years.